Plan 04: Four-Stage Takaful Plan (With Profit)

Introduction

Building a habit of savings today ensures a peaceful, secure, and dignified life in the future. The Four -Stage Takaful Plan is one of the most innovative and popular options available to Takaful Participants. Based on the principle of mutual cooperation (Ta’awun), this plan offers high protection and attractive returns on your Contributions, helping you fulfill your family’s dreams and financial goals.

Key Takaful Terminology in This Plan

Plan Features

  • Periodic Liquidity: Provides emergency cash inflows at three specific stages of the term.
  • Flexible Payments: Contributions can be paid annually, half-yearly, or quarterly.
  • Policy Terms: Available for durations of 12, 16, 20, and 24 years.
  • Paid-up/Surrender Value: The plan acquires a surrender value after at least two years of full contributions are paid.
  • Investment: A participant may obtain a Shariah-compliant loan (maximum 80% of the surrender value) against the balance in their PIF.
  • Ezafi Coverage: Protection against accidental death (DIAB) and permanent disability (PDAB) can be added as supplementary benefits.
  • Tax Efficiency: Contributions are eligible for income tax rebates.

Benefit Structure

1. Survival Benefits (The Three Stages)

This plan is unique because it returns the Face Value (FV) in three distinct stages while you are still alive:

  1. Stage 1: At the end of One- Fourth (1/4) of the term, the participant receives 20% of the Face Value.
  2. Stage 2: At the end of two- Fourth (2/4) of the term, the participant receives another 20% of the Face Value.
  3. Stage 3: At the end of third – Fourth (3/4) of the term, the participant receives another 20% of the Face Value.
  4. Stage 4 (Maturity): At the end of the full term, the participant receives the remaining 40% of the Face Value along with the Accrued Profit/Bonus.

2. Death Benefit (Full Protection)

If the Takaful Participant passes away at any time within the term of the policy:

  • The nominee will receive the Full Face Value (100%) plus the Profit/Bonus accrued up to the date of death.
  • Note: In Takaful, even if the participant has already received the Stage 1 or Stage 2 survival benefits, the death benefit is not reduced. The family still receives the full amount from the PTF (Risk Fund).

Why Choose This Plan?

The Four -Stage Takaful Plan is designed for those who want their money to work for them while they are alive—providing funds for a child’s wedding, a new business, or home renovation—while ensuring that their family is never left without a full financial safety net. It combines the ethics of Islamic finance with the practical need for liquidity and high-value protection.